Mineral explorer Lithium Chile (TSX.V: LITH) (OTCQB: LTMCF) issued an operational update to its shareholders today including an announcement that the company will be expanding its Helados Prospect. Per the update, the company has acquired an additional 2000 hectares on the Salar Laguna Blanca which is a NW extension to Lithium Chile’s landholdings in the Helados basin. Additionally, Lithium Chile provided updates concerning its Salar de Coipasa and Salar de Turi prospects. The company reported that it has successfully negotiated terms for surface access to the salar de Coipasa with the community executive and is currently waiting for final approval by the community council. Following approval, a reconnaissance drilling program will commence immediately. Lithium Chile also reported that the executive committee of the local indigenous community at Salar de Turi recently reached out to the company to discuss possible exploration of their lands. Community executives have expressed their willingness to support an extension of the TEM geophysical survey on Turi, and, subject to successful completion of the program, would also be willing to support a follow up drilling program. “We are very encouraged by the traction we are gaining with the local communities to further our exploration efforts. We are pleased and grateful for their ongoing support,” Lithium Chile president and CEO Steve Cochrane stated in the news release.
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About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and one laguna complex in Chile. Lithium Chile’s common shares are listed on the TSX.V under the symbol “LITH” and on the OTCQB under the symbol “LTMCF”. For more information, visit http://nnw.fm/LTMCF
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